The following reconciling items are applicable to the bank reconcillaunomin

Indicate how each item should be shown on a bank reconciliation.

Outstanding checks.

$($b$)$ Bank debit memorandum for service charge.

Bank credit memorandum for collecting an electronic funds transfer.

Deposit in transit.

The following information is available for Kingbird Company for the month of January: expected cash receipts $$57,000,$ expected cash disbursements $$66,000,$ and cash balance on January $1,$$$11,500.$ Management wishes to maintain a minimum cash balance of $$7,500.$

Prepare a basic cash budget for the month of January.

KINGEIRD COMPANY

Cash Budget

For the Month of January

$$ : $$

$$

$$

$$

$$

$ $$

$$

$$

$$

$$

$$

$$

$$